The photo shows the Qianwen Container Terminal in the port city of Qingdao, Shangdong, China on July 11, 2024.
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BEIJING — China's imports fell in June, falling short of expectations for modest growth, while exports grew more than expected, customs figures released Friday showed.
China's imports fell 2.3% in June from a year ago in U.S. dollars, compared with a forecast of 2.8% growth, according to a Reuters poll.
US dollar exports rose 8.6% year-on-year in June, beating expectations for 8% growth in the Reuters survey.
These figures have helped imports rise by 2% so far this year and exports by 3.6% in the first half of the year compared to a year earlier.
China's exports rose 7.6% year-on-year in May in US dollar terms, but imports rose just 1.8% over the same period.
Domestic demand remained subdued. Consumer prices in China rose 0.2% in June, year on year, weaker than expected, while producer prices met expectations, data from the National Bureau of Statistics showed on Wednesday.
Core CPI, which strips out more volatile food and energy prices, rose 0.6% year-on-year in June, slightly less than the 0.7% increase in the first six months of the year.
China's National Bureau of Statistics is expected to release gross domestic product and economic indicators for the second quarter of June on Monday.
This is a breaking news story. Check back later for updates.
